Cambridge, MA-based UpDown.com, a fantasy stock trading site has raised $750,000 from Swiss investor Joachim Schoss, according to VentureBeat. The funding brings its total to $1.2 million. The site offers users a virtual portfolio of $1 million to trade with and it’s promising real cash prizes for users that outperform the S&P 500. That’s a similar concept to Marketocracy, which has been around for several years. The site also offers a platform for sharing stock picks with other investors, putting it in league with other social investing sites, like Stockickr and Wikinvest.
Subscriber content
?
Subscriber content comes from Gigaom Research, bridging the gap between breaking news and long-tail research. Visit any of our reports to learn more and subscribe.
Advertisement
Advertisement
Advertisement
["wijax_3c60f74bb210e5c21c05cb668c199491","wijax_f05d55498c1c1796312fc0f6af5877c8"]
{"source":"https:\/\/gigaom.com\/2008\/02\/01\/419-fantasy-stock-market-updowncom-raises-750k\/wijax\/49e8740702c6da9341d50357217fb629","varname":"wijax_67e03ae429a043771ae12d648eaead61","title_element":"header","title_class":"widget-title","title_before":"%3Cheader%20class%3D%22widget-title%22%3E","title_after":"%3C%2Fheader%3E"}
{"source":"https:\/\/gigaom.com\/2008\/02\/01\/419-fantasy-stock-market-updowncom-raises-750k\/wijax\/49e8740702c6da9341d50357217fb629","varname":"wijax_67e03ae429a043771ae12d648eaead61","title_element":"header","title_class":"widget-title","title_before":"%3Cheader%20class%3D%22widget-title%22%3E","title_after":"%3C%2Fheader%3E"}
Comments have been disabled for this post